Moody's Investors Service confirmed the long-term issuer rating of Industrial Development Fund JSC in local and foreign currencies at Ba2.
In a published press release, Moody's Investors Service noted the support from the state and the parent company of Development Bank of Kazakhstan JSC (Baa3 positive), which in turn demonstrates the importance of Industrial Development Fund JSC in achieving the strategic goals of the Government of Kazakhstan. The agency's analysts also emphasized its strong market position in the industrial sector. According to the agency, this indicator reflects sustainable indicators of profitability, liquidity levels and asset quality.
